In a significant move to bolster its presence in the shipbuilding industry, Reliance Industries Limited (RIL), led by Mukesh Ambani, has acquired an additional 10% stake in Nauyaan Shipyard Private Limited (NSPL). The transaction was executed through Nauyaan Tradings Private Limited (NTPL), a wholly-owned step-down subsidiary of RIL.
According to a recent regulatory filing, NTPL purchased the stake for a total consideration of ₹51.72 crore from Welspun Corp Limited. With this latest acquisition, Reliance Industries continues to strengthen its foothold in the shipbuilding sector, signaling strategic interest in maritime infrastructure.
“NTPL, a step-down wholly-owned subsidiary of Reliance Industries, has completed the acquisition of an additional 10% equity stake in NSPL for ₹51.72 crore,” the filing stated. The transaction underscores RIL’s ongoing efforts to diversify and expand its investments across critical infrastructure sectors.
Nauyaan Shipyard Private Limited, now a step-down subsidiary of Reliance Industries, is expected to play a key role in the company’s long-term strategy within the maritime and shipbuilding domain.
